Lateral Capital Corp. Announces Name Change to "Jaguar Resources Inc." and Strategic Additions to Management Team

Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) is pleased
to announce that effective July 21, 2014, the name of the Corporation will be
changed to "Jaguar Resources Inc.". At the opening of trading on the TSX Venture
Exchange ("TSXV") on July 21, 2014, the trading symbol for the Corporation will
change from "LCP.P" to "JRI.P". The new CUSIP number will be 470095100 and the
new ISIN number will be CA4700951003. The share capital of the Corporation
remains unchanged. 


Jaguar is also pleased to announce the addition of five new members to the
management team, each with a wealth of professional experience in the Western
Canadian sedimentary basin and elsewhere. Mr. Chris Barton, B.Sc., P.Geol., has
over 30 years of oil and gas industry experience and will be joining Jaguar,
effective immediately. Mr. Barton has a Bachelor of Science degree in Geology
from the University of Calgary (1981) and is a professional geologist. Beginning
his career as a geologist at Unocal, Mr. Barton transitioned to the role of
geophysicist and has since worked as Senior Staff & Chief Geophysicist at
ConocoPhillips Canada, Pinnacle Resources Ltd., Groundswell Energy and
Burlington Resources Canada. In 2006, Mr. Barton was appointed Vice President of
Exploration at Kereco Energy and, since 2008, has been the President of Shadow
Energy providing geophysical consulting to a number of public and private oil
and gas exploration companies. Over his career, Mr. Barton has interpreted and
evaluated geological and geophysical data across the entire stratigraphic
section from the Ordovician Red River to the Cretaceous Belly River. Along with
his technical expertise, Mr. Barton's breadth of experience has allowed him to
gain an invaluable array of clients and contacts on both the technical and
executive sides of the industry. 


Mr. Craig Boland B.Sc., B.Sc.(Honours), M.Sc., P.Geol., has agreed to join
Jaguar as a senior technical advisor for geology. Along with Mr. Barton, Mr.
Boland will be an integral part of the exploration and development team
responsible for the growth and direction of the Company.


Mr. Boland graduated from Memorial University of Newfoundland with Bachelor of
Science degrees in Geology and a Masters degree in Earth Sciences in 1984.
During his 30 year career he has held senior and executive positions with major
and junior exploration and production companies both domestically and
internationally, where he has been instrumental in creating value for
shareholders. Mr. Boland has served in such capacity with Texaco Canada,
Imperial Oil and Gas (Exxon), Intensity Resources, Archean Energy, Grizzly
Resources, Ironhorse Oil & Gas and Century International. Mr. Boland was the
Vice President of Exploration and founding partner for both Grizzly Resources
and Ironhorse Oil & Gas along with being the Managing Director of Century
International. He has been involved in exploration and operations in Western
Canada, Offshore Eastern Canada, the United Kingdom/North Sea, South America,
West and North Africa, South East Asia and the Gulf of Mexico. 


Since early 2007, Mr. Boland has been the principal of Boland Exploration
Consulting ("BEC") where he has been providing technical evaluations, opinions,
financing, advice, directorships and has been a facilitator/broker for both
startup and established energy firms worldwide. During his tenure with BEC, Mr.
Boland has been the Vice President of Business Development for PYPE Inc.,
President and CEO of Ptarmigan Energy, President and CEO of Anchor Point
Exploration and Vice President of Exploration for Waldron Energy. Mr. Boland is
a professional member of APEGGA, AAPG and CSPG.


Mr. Rob Morrison, P.Eng., a professional engineer with over 26 years of
progressive experience in many facets of engineering and management within the
upstream oil and gas industry will also be joining Jaguar's management team. The
previous 15 years of Mr. Morrison's career have been spent in senior management
roles with junior oil and gas production companies, including 10 years as an
engineering manager. Mr. Morrison then worked for Tarragon Oil & Gas for a 3
year period both as a Production Manager and subsequently as an exploitation
engineer. Most recently, Mr. Morrison worked at Reliable Energy Ltd. as Vice
President Engineering and Operations until its acquisition by Crescent Point
Energy in May 2012.


Mr. Curt Maxwell, a professional landman with over 34 years of experience will
also join Jaguar's management team. Mr. Maxwell has held landman positions at
PetroCanada, General American Oils, Phillips Petroleum and EOG Resources. Since
2000, Mr. Maxwell has been a consulting landman for a number of public and
private junior oil and gas companies. Mr. Maxwell's responsibilities have
included the negotiation and maintenance of leases and administration thereof,
contract preparation and administration, land sale co-ordination, property,
asset and corporate negotiations, acquisition and divestitures and he has been a
member of several operating management teams.


In addition, Jaguar would like to announce the appointment of Mr. Donald Wright
as the Chairman of the Board of Directors. The Company will be appointing two
additional independent board members in the immediate future. 


All of the above noted additions to the management team are subject to TSXV
approval. Specific positions and titles for each of the above noted individuals
will be determined by the board of directors.


About Lateral 

Lateral's business strategy is to seek to provide shareholders with growth by
exploiting existing assets in a financially disciplined manner and by acquiring
additional (predominantly) light oil assets. As part of its corporate strategy
of acquiring additional assets, the Company is typically in the process of
evaluating several potential transactions at any time which individually or
together could be material. The Company cannot predict whether any current or
future opportunities will result in one or more transactions involving the
Company. The Company may complete financings of equity or debt or issue equity
or utilise debt facilities to finance all or a portion of any such potential
acquisitions.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Cautionary and Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. These statements
relate to future events or future performance. All statements other than
statements of historical fact may be forward-looking statements or information.
More particularly and without limitation, this news release contains
forward-looking statements and information relating to the TSX Venture
Exchange's approval of the new members of the management team and the change to
the Company's name. The forward-looking statements and information are based on
certain key expectations and assumptions made by management of the Company,
including, without limitation, the proposed management appointee's suitability
as executives of a TSX Venture Exchange listed company. Although management of
the Company believes that the expectations and assumptions on which such forward
looking statements and information are based are reasonable, undue reliance
should not be placed on the forward-looking statements and information since no
assurance can be given that they will prove to be correct.


Forward-looking statements and information are provided for the purpose of
providing information about the current expectations and plans of management of
the Company relating to the future. Readers are cautioned that reliance on such
statements and information may not be appropriate for other purposes, such as
making investment decisions. Since forward-looking statements and information
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the Company's ability to raise capital, and efficiently and
successful explore and develop its properties without the involvement of the new
management appointees or the change to its corporate name. Accordingly, readers
should not place undue reliance on the forward-looking statements and
information contained in this news release. Readers are cautioned that the
foregoing list of factors is not exhaustive.


The forward-looking statements and information contained in this news release
are made as of the date hereof and no undertaking is given to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws or the TSXV. The forward-looking statements or information
contained in this news release are expressly qualified by this cautionary
statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Corbin Blume, President & CEO
Jaguar Resources Inc.
730, 1015 - 4th Street SW
Calgary, Alberta T2P 2V7
Main Phone [phone]
Fax [phone]